Ziff Davis (NASDAQ:ZD) Releases Quarterly Earnings Results, Meets Expectations

Ziff Davis (NASDAQ:ZD) issued its quarterly earnings results on Thursday. The technology company reported $1.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.76, Briefing.com reports. The business had revenue of $363.71 million for the quarter, compared to the consensus estimate of $366.44 million. Ziff Davis had a return on equity of 13.91% and a net margin of 4.57%.Ziff Davis’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 earnings per share. Ziff Davis updated its FY 2025 guidance to 6.640-7.28 EPS.

Ziff Davis Stock Down 1.2%

Shares of Ziff Davis stock traded down $0.40 during midday trading on Friday, reaching $32.25. 1,233,296 shares of the company’s stock traded hands, compared to its average volume of 546,906. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.59 and a current ratio of 1.59. Ziff Davis has a 52 week low of $28.55 and a 52 week high of $60.62. The company’s 50 day simple moving average is $36.96 and its 200 day simple moving average is $34.13. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 21.56 and a beta of 1.61.

Analysts Set New Price Targets

Several equities analysts have weighed in on ZD shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ziff Davis in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Ziff Davis from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Piper Sandler set a $40.00 price objective on shares of Ziff Davis in a research note on Friday, August 8th. Finally, Barclays reissued a “positive” rating on shares of Ziff Davis in a research note on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Ziff Davis presently has an average rating of “Hold” and an average target price of $38.83.

Insider Buying and Selling

In related news, Director Sarah Ann Fay purchased 1,354 shares of Ziff Davis stock in a transaction on Monday, September 15th. The stock was bought at an average price of $36.89 per share, with a total value of $49,949.06. Following the completion of the transaction, the director directly owned 23,619 shares of the company’s stock, valued at approximately $871,304.91. This represents a 6.08% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.16% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its position in Ziff Davis by 568.8% during the second quarter. Tower Research Capital LLC TRC now owns 4,568 shares of the technology company’s stock worth $138,000 after purchasing an additional 3,885 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of Ziff Davis in the second quarter valued at approximately $145,000. Gallagher Fiduciary Advisors LLC lifted its stake in shares of Ziff Davis by 26.0% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 7,276 shares of the technology company’s stock worth $220,000 after buying an additional 1,503 shares during the last quarter. Brevan Howard Capital Management LP bought a new stake in shares of Ziff Davis during the 2nd quarter worth $289,000. Finally, Corient Private Wealth LLC acquired a new position in Ziff Davis in the 2nd quarter valued at $361,000. 99.76% of the stock is owned by institutional investors.

About Ziff Davis

Ziff Davis, Inc, together with its subsidiaries, operates as a digital media and internet company in the United States and internationally. The company offers PCMag, an online resource for laboratory-based product reviews, technology news, buying guides, and research papers; Mashable for publishing technology and culture content; Spiceworks Ziff Davis provides digital content of IT products and services; retailMeNot, a savings destination platform; Offers.com, a coupon and deals website; and event-based properties, including BlackFriday.com, TheBlackFriday.com, BestBlackFriday.com, and DealsofAmerica.com.